colletID, an NFT-based physical product identification company, has raised $3.5 million from SeventySix Capital

BlockBeats, November 10, sporttechie reports that colletID, an NFT-based physical product identity company, has announced that it has raised $3.5 million in funding, Funded by Us-Based sports venture Capital firm SeventySix Capital, European sports investment firm Hellen "s Rock Capital, and Swiss and Japanese crypto bank Sygnum/SBI, the company raised a seed round in December 2021. It is still in the pre-A round of financing. colletID creates a digital dimension for physical products by putting small NFT tags into physical products, so that each product obtains a unique identity, and then stores this "unique identity" through smart contracts into non-homogeneous tokens, namely NFT on the blockchain, and then creates a digital twin identity for each product.